/vt/ - Virtual Youtubers

>>74923301
For a most people they do not understand what to do when they suddenly have a lot of money. I know I can't teach her what she SHOULD be doing since Im just anon, but hopefully she learns she can't just spend all her money.
If she does happen to read this though:
STOP SPENDING YOUR MONEY WHEN YOU DONT HAVE TO!

Open a brokerage account on a site like Fidelity and transfer most of your cash into that. I usually just get SPY or QQQ and then you just forget about it. Dont worry about it going up or down. Dont take anything out unless you absolutely have to (like buying a home).

You can also start a ROTH IRA (also on your brokerage like Fidelity), you can only put in a certain amount each year (under 10k) and you cant take anything out until you are retirement age, but its NOT TAXED when you take it out (which is insanely good).

You probably already know this, but dont put too much down on your house, at least 20% though to avoid mortgage insurance.